Informative read! Traders must pick indicators based on their trading requirement and prefer using more than one indicator as a confirmation. One must not solely rely on one indicator.
It’s a trader’s responsibility to give direction to his forex trading career. You don’t make money instantly. First, you have to mould yourself in accordance with the market and plan your moves. Be ready to dedicate time and money to your trading career.
Controlling emotions is a necessity for traders but in no way it is an easy thing to do. So, just stick to your plan and try not to make changes to it when your trades don’t seem to be executing as planned.
Hello everyone, I hope that trading is going fine and profitable for you all. It’s nice to see traders here from different backgrounds who can help in seeing the market from a different perspective. Let’s grow and help each other!
Being greedy is a result of your unrealistic aspirations. When you know the reality of the market, you will never expect any magic to fill your pockets. So, gain experience but not at the condition of making money. Instead of this, focus on long term trading skills that will help you stay on track.
If you believe too much in what others tell you, you will limit your options. It’s best to do your own learning and research and then practice different strategies until you find the best one for you.
Trading is a roller coaster ride for my money and emotions equally. The other trade comes up before the trance of the first trade ends. It’s like a battle where I am saving my money against the market. Profits obviously make me happy and losses make me sad.
You will see the forex market from a different perspective which means that you will do well at it only if you trade on the basis of how you take it. If you believe too much in how others are trading and making money, you will never find your edge.
I believe that you can turn forex trading into a full-time job only if you are well-versed with the consequences and are prepared both mentally and financially for the results. If you have not traded before this, consider making a few trial trades to ensure that you are not doing anything that...
A trader can lose very easily on the forex market. Traders should diligently make trades and consider all the factors that contribute to the success of the trade.
True! Every trader has a different approach toward learning based on their personality. Always Prefer practising on demo before entering the live market.
Hi! Welcome to this forum. Please invest your time in learning first. Forex is a different market. Your analysis and psychology needs to be strong if you want to be successful in trading.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.